XRP Hits $2.40: Can Ripple’s $500M Boost Fuel More Gains?
- XRP is hovering at $2.23, consolidating with key resistance at $2.445 signalling a potential upside for $2.70.
- Ripple’s $500 M investment at a $40B valuation has powered market confidence and boosted investor interest.
- The forecasts show a price decline, yet the overall trend remains optimistic.
XRP, the digital currency by Ripple Labs, enables fast, low-cost transactions. With its growing adoption in the digital market, it continues to bridge the gap between blockchain and banking solutions. At press time, the coin is trading at $2.23 with a decline of 3.27% over the past 24 hours.
Ripple’s Record Year 2025
According to a recent post in X by Brad Garlinghouse, 2025 appears to be an incredible year for Ripple and also for the whole crypto market. Ripple has capped off its record year with a major milestone of $500 million strategic investment at a $40 billion valuation. This was led by Fortress Investment Group and Citadel Securities. This highlights Ripple’s growing dominance, and it has now resulted in its price movements pushing the coin to $2.40 target.
XRP Is In Consolidation
According to the data curated from TradingView, the coin is now consolidating around $2.30, keeping the price above the key support after its rally to $2.40. This continued stability reflects market confidence. The Bollinger bands are at $2.22 to 2.69, showing a tightening volatility which can lead to a breakout.
RSI, which is at 45.37, indicates a neutral momentum and points to a consolidation phase. The major support levels are at $2.21 and $2.05.The resistance is at $2.45,$2.63,$2.69. A bounce above the level $2.45 might send XRP to the next target at $2.70. If it declines, the price may move to $2.20.
XRP Reached $2.40!
According to the recent update on X by the user named SOL WHALE, XRP has now reached its target of $2.40. This is a target where both investors and traders have been cautiously waiting for a long time. He shares his happiness with the community, promising them to give coins to random people. It shows the community’s interest and hope for the coin.
Also Read: XRP Ledger Sees 21,595 New Wallets in 48 Hours as User Activity Hits 8-Month High
Forecasts Show A Decline of 0.41%
While analysing the forecasts from Coincodex, XRP is expected to decline in the coming days. From November 7 to 11, it seems to be a week of correction. On November 11, the coin is expected to drop up to 0.41 % and reach $2.30. Even though the forecasts show a drop, the overall sentiment appears to be more optimistic for the coin.
In conclusion, Ripple’s recent news about a $500 million investment has boosted the XRP holders. It shows the company’s long-term commitment and love for expanding its ecosystem. If market sentiment remains unchanged, XRP may retest the $2.45–$2.70 range. Now XRP seems to be in a healthy consolidation phase.
Also Read: XRP Faces $93M Shock: Midas Exposure Sparks Panic
